Credit Builder Account - What if I can’t make a payment?
If you can’t make a payment, you can request for your Credit Builder Account to be closed. Since the account activity is reported as a loan, any missed or late payments may negatively impact your credit score. However, if a payment is missed, Transportation Alliance Bank will submit a payment from your secured savings account to protect your credit. This payment will not count towards the $300 owed for the loan. If we deem your account to be in default, then we’ll close your account.